Blue Bird Corporation (NASDAQ:BLBD) Receives $67.20 Consensus Target Price from Analysts

Blue Bird Corporation (NASDAQ:BLBD) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $67.20.

BLBD has been the topic of a number of recent research reports. Zacks Research downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. Barclays raised their price target on Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Needham & Company LLC boosted their price target on Blue Bird from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Bank of America boosted their price target on Blue Bird from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, BTIG Research reaffirmed a “buy” rating and set a $65.00 price objective on shares of Blue Bird in a research report on Thursday, February 5th.

Insider Buying and Selling at Blue Bird

In related news, CFO Razvan Radulescu sold 3,925 shares of Blue Bird stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $60.98, for a total value of $239,346.50. Following the completion of the sale, the chief financial officer owned 42,255 shares of the company’s stock, valued at approximately $2,576,709.90. The trade was a 8.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $58.54, for a total transaction of $303,939.68. Following the completion of the sale, the chief operating officer owned 39,011 shares of the company’s stock, valued at $2,283,703.94. This represents a 11.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Blue Bird

Several institutional investors have recently bought and sold shares of BLBD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Blue Bird by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,094 shares of the company’s stock worth $618,000 after acquiring an additional 820 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Blue Bird by 30.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after acquiring an additional 681 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Blue Bird by 2,090.5% in the 1st quarter. Jones Financial Companies Lllp now owns 3,461 shares of the company’s stock worth $112,000 after purchasing an additional 3,303 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Blue Bird by 11.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,423 shares of the company’s stock worth $320,000 after purchasing an additional 735 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Blue Bird during the second quarter worth approximately $376,000. 93.59% of the stock is currently owned by institutional investors.

Blue Bird Trading Up 3.5%

Shares of NASDAQ:BLBD opened at $55.29 on Thursday. The firm has a fifty day moving average of $54.53 and a two-hundred day moving average of $53.60. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.99 and a beta of 1.40. Blue Bird has a 12-month low of $30.04 and a 12-month high of $62.90. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.31.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The business had revenue of $333.08 million for the quarter, compared to the consensus estimate of $325.74 million. During the same period in the prior year, the business posted $0.92 earnings per share. Blue Bird’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Blue Bird will post 3.86 EPS for the current fiscal year.

Blue Bird Company Profile

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.